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‘Quit-Tok’: what is the latest viral trend and how should employers manage it?
- The latest viral trend, "Quit-Tok," showcases young workers resigning from their jobs on social media platforms like TikTok.
- These videos often call out workplace injustices, prompting accountability from businesses. However, they also raise concerns about fairness and online reputation. Employers must navigate this new landscape by fostering open communication and addressing grievances internally.
- While Quit-Tok reflects a shift in attitudes towards work and identity, it also highlights the need for constructive dialogue between employers and employees to create more inclusive and supportive workplaces.
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Ex-Amazon, Deloitte HR executive shares 3 tips for candidates appearing for a job interview
- In navigating the often nerve-wracking terrain of job interviews, Teresa Freeman, an ex-Amazon and Deloitte HR executive, offers invaluable insights.
- Her three tips serve as a compass for candidates facing challenging questions. First, she advocates for clarifying queries by either repeating or reframing them, ensuring a clear understanding.
- Secondly, if direct answers elude, redirecting the discussion to related expertise showcases adaptability.
- Lastly, demonstrating eagerness to learn, even in areas lacking prior experience, underscores commitment and enthusiasm. Freeman's advice underscores the importance of positivity, energy, and interest, traits that can significantly bolster one's candidacy in the competitive job market.
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Bandhan Life To Recruit 1000 People
- Insurance company Bandhan Life is set to bolster its workforce by hiring 1,000 individuals as part of an ambitious growth strategy, according to The Times of India.
- The company aims to evolve into a multi-channel life insurer over the next five years, with a focus on expanding across various product categories. Satishwar B, MD and CEO of Bandhan Life, emphasizes their investment in technology and data-driven processes to support this expansion.
- Bandhan Financial Holdings' recent acquisition of Aegon Life Insurance, rebranded as Bandhan Life, underscores the company's commitment to its strategic vision.
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Don’t use these 3 types of phrases in your resume, says ex-Google recruiter
- Avoid mundane task listings: Former Google recruiter, Nolan Church, advises against detailing everyday tasks like "coordinating meetings with X" in your resume. Instead, highlight tangible contributions that made a significant impact on the business, such as securing new clients or surpassing sales targets.
- Avoid keyword overload: Incorporate job description keywords sparingly to avoid a confusing "word salad." Stick to one keyword per sentence for clarity and relevance.
- Be concise: With recruiters spending mere seconds per resume, keep sentences under 25 words to quickly convey achievements and grab attention in the competitive job market.
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Ex-CEO of Snapdeal Kunal Bahl shares his reaction when a founder asked him 'Can I present in Hindi?'
- Former Snapdeal CEO Kunal Bahl advocates for business presentations in native languages, emphasizing effective communication over English fluency.
- He recounts a founder's hesitation to present in Hindi, highlighting the unnecessary colonial mindset around English proficiency. Bahl asserts confidence in using mother tongues in business, resonating with entrepreneurs who've faced language barriers.
- Pritesh Lakhani shares losing an opportunity due to discomfort with English presentations. Others echo similar experiences, underscoring the need for inclusivity in business communication.
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HR executive shares 4 reasons why some employees quit after 6 months
- Bharti Pawar, an HR Executive at Impact Infotech Pvt. Ltd., took to LinkedIn to list reasons that mainly guide the decision of an employee to leave a new job. She highlighted four reasons: “Toxic work culture”, “less salary, unpaid overtime”, “work pressure beyond their limit”, and “nepotism and office politics”.
- Responses varied, with some citing personal experiences of mistreatment, while others criticized HR's role in fostering office politics.
- One user advocated for stricter evaluation of companies before joining, while another highlighted the trend of shorter job tenures for career advancement.
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Navigating Skills-Based Hiring: A 3-Step Adaptation Guide for Job Seekers
- Skill-Centric Profiles: Craft your online presence to spotlight key skills. Ensure your LinkedIn, cover letters, and networking pitches emphasize relevant proficiencies aligned with job requirements.
- Real-Time Skill Demonstration: Prepare for live assessments by honing test-taking abilities and assembling a portfolio showcasing tangible skills. Practice relaxation techniques to manage test anxiety and consider online courses for skill reinforcement.
- Invest in Side Projects: Fill skill gaps by engaging in hands-on projects outside of work. Volunteer roles, consulting, or professional associations offer valuable opportunities to develop and demonstrate sought-after skills.
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Consulting firms step up efforts to push out their low performers
- Consulting firms, notably McKinsey, are intensifying efforts to trim their workforce, targeting underperforming employees amid sluggish growth.
- McKinsey's recent mid-year performance reviews signal a return to formal grading, aiming to expedite exits. This shift contrasts sharply with the job market dynamics of the Great Resignation, as firms now struggle with historically low voluntary departures.
- Financial incentives and layoffs characterize McKinsey's approach, reflecting a broader trend in the industry. With attrition rates plummeting, firms face challenges in maintaining their traditional "up or out" model, potentially impacting promotions and career advancement.
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6 Effective Ways To Answer Your Salary Expectations In Job Interviews
- Research Your Worth: Understand your market value to avoid undervaluing yourself or setting unrealistic expectations.
- Redirect Diplomatically: Politely steer salary inquiries back to the interviewer to maintain focus on qualifications.
- Highlight Your Value: Emphasize skills and achievements to justify aiming for the higher end of salary ranges.
- Offer a Thoughtful Range: Provide a well-researched salary range, slightly higher than your target, for negotiation.
- Keep Past Salaries Private: Refrain from disclosing previous salaries and focus on industry standards instead.
- Initiate Negotiations: Don’t shy away from negotiating; express gratitude and collaborate for a mutually beneficial outcome.
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TCS employees with less than 60% attendance in office won't get variable pay?
- Tata Consultancy Services (TCS) has implemented a stringent return-to-office policy, mandating employees to work from the office five days a week.
- According to recent reports, TCS employees with less than 60% attendance may not be eligible for quarterly bonuses. The policy allocates variable pay based on attendance levels, with full variable pay granted to those with over 85% attendance.
- K Krithivasan, CEO and MD of TCS, expressed confidence in the policy, highlighting its role in preserving the company's organizational culture. Despite a decline in full-year headcount, TCS remains committed to hiring fresh talent, aiming for approximately 40,000 freshers in FY25.
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Job applicant gets rejected in just 3 minutes, expresses frustration with the UK job market
- A Reddit user, 'ParkingMetre,' expressed frustration after being rejected by a UK company just three minutes after applying. Despite spending hours crafting a cover letter, the swift rejection highlighted challenges in the job market.
- Screenshots shared by the user depicted rapid dismissal despite initial acknowledgment. Responses reflected widespread experiences, with one user recounting a similar swift rejection for a mining job despite ample experience.
- Others attributed such rejections to automated resume screening, emphasizing the prevalence of this practice in major companies. Despite varied reactions, the post garnered over 14,000 likes, resonating with many navigating the complexities of job hunting.
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Netflix founder reveals strategy that made it a $240 billion company
- In a recent podcast interview, Netflix Founder and Executive Chairman Reed Hastings unveiled a strategy crucial to the streaming giant's success: "farming for dissent."
- Hastings emphasized the importance of fostering an environment where employees feel comfortable challenging authority, stating, "If you're a leader, it's important to farm for dissent." This approach involves encouraging constructive criticism and innovative thinking among team members, ultimately leading to better decision-making.
- Reflecting on past mistakes, such as the ill-fated Qwickster venture in 2011, Hastings highlighted the necessity of seeking diverse perspectives to avoid costly missteps.
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Bleak placement season for IIT graduates, salary packages offered below ₹10 lakh: Report
- The placement season for IIT graduates this year has taken a grim turn, with a significant portion of students facing salary packages below ₹10 lakh annually, as reported by Times of India.
- The global economic slowdown has contributed to reduced hiring by companies, leaving many graduates still in search of employment. Institutions like IIT Indore are adapting by expanding their network of potential employers.
- At IIT Delhi, a substantial number of graduates are utilizing career services for job opportunities, with a notable portion yet to secure employment. Despite challenges, a majority of undergraduate participants at IIT Delhi have received job offers, indicating varied impacts across courses.
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Want to start a business but short on funds? Pitch your idea to this billionaire and get funding
- Billionaire Mark Cuban prefers email pitches for comprehensive feedback, having invested $100 million through this method in his "Win Big In Business" MasterClass.
- Despite Shark Tank fame, he believes email ensures he remembers details amidst his busy schedule. Cuban spends 3-4 hours daily reading emails, acknowledging the risk but noting its effectiveness. Additionally, he aims to integrate business correspondence into a language model akin to ChatGPT.
- This approach aligns with his tech-savvy investments, which began with MicroSolutions in 1990. Cuban's preference for email fosters accessibility and thorough consideration in his investment endeavors.
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Zerodha's Nikhil Kamath shares a life hack for struggling entrepreneurs
- Zerodha's co-founder Nikhil Kamath, drawing from his own journey from school dropout to billionaire, shares invaluable wisdom with budding entrepreneurs.
- At an event, he emphasized the insignificance of minor setbacks, urging individuals not to take life too seriously. "Hum sab marne waale hain," he reminds, advocating for a lighthearted approach to challenges.
- Kamath's recent launch of the WTFund underscores his commitment to empowering young visionaries. With a non-dilutive grant of Rs 20 Lakh and a robust support system, the fund aims to nurture under-25 entrepreneurs, providing them with the resources and community they need to thrive.
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